A2Z Valuers provides Government Approved Works of Art Capital Gain Valuation for paintings, sculptures, antiques, manuscripts, jewellery, folk art, decorative arts and other culturally significant assets where a defensible historical fair market value is required.
For artworks acquired before 1 April 2001, the valuation can be particularly important where the assessee elects the applicable base-date methodology under Section 55(2)(b). The report establishes the relevant historical value using documented market evidence, artist-specific comparables, provenance, condition and other valuation factors.
Works of art require a different valuation approach from conventional property. Historical market evidence, attribution, provenance, condition and artist-specific demand can materially influence the concluded value.
The work is identified by artist, title, medium, dimensions, date or period, attribution and available provenance. Exhibition records, gallery documentation, invoices and previous certificates may support the assessment.
Historical auction and market evidence is examined wherever available. Relevant records may include artist-specific transactions and established Indian art-market sources such as AstaGuru, Saffronart, Pundole’s, Christie’s and Sotheby’s.
Physical examination considers dimensions, medium, condition, restoration indicators and other observable characteristics. Available authenticity and provenance documentation is reviewed as part of the valuation process.
The available evidence is brought together to conclude the appropriate Fair Market Value for the relevant valuation date and statutory purpose, including applicable capital gain requirements.
Whether the requirement concerns an inherited painting, an artwork acquired before 2001, an antique collection, jewellery, or a capital gain assessment, brief A2Z Valuers with the asset details, valuation date and statutory purpose.